Why did Truth Social withdraw its crypto ETF filings?

Yorkville America said it withdrew the Truth Social-branded crypto ETF applications after deciding to shift toward investment structures governed by the Investment Company Act of 1940 instead of the Securities Act of 1933.

What is the difference between ’33 Act and ’40 Act ETF structures?

’33 Act products are commonly used for spot commodity and crypto ETFs, while ’40 Act structures are typically used for more diversified and regulated investment funds. Yorkville said the ’40 Act framework offers stronger investor protections and tax efficiencies.

Who is behind the Truth Social crypto ETF filings?

Yorkville America manages and finances the ETF efforts for Trump Media & Technology Group, the parent company of Truth Social and the Truth.fi financial platform initiative.

Does this mean Truth Social is exiting crypto ETFs completely?

Not necessarily. Yorkville said it is changing product structure strategy, but it did not explicitly rule out future crypto ETF offerings under a different framework.

Why is demand for crypto ETFs weaker in 2026?

Crypto ETF inflows slowed sharply during the broader crypto market pullback in 2026. US spot bitcoin ETFs attracted about $790 million in net inflows this year compared with roughly $25 billion during 2025.

How are spot Ether ETFs performing in 2026?

Spot Ether ETFs have struggled to maintain investor demand, recording roughly $640 million in net outflows. That weaker appetite has also affected newer altcoin ETF launches.

Why might competition be affecting Truth Social’s ETF plans?

James Seyffart suggested the bitcoin ETF market has become highly competitive, especially after Morgan Stanley launched a low-fee Bitcoin Trust ETF with a 0.14% fee structure.

Image for illustrative purposes only. Not a real photo.

Truth Social pulls crypto ETF filings

Q: Which Truth Social crypto ETFs were withdrawn?

The withdrawn filings included the proposed Truth Social Bitcoin ETF, Truth Social Bitcoin & Ethereum ETF and Truth Social Crypto Blue Chip ETF. The company did not confirm whether replacement crypto ETF products will be filed later.

Written by Liezl GambePublished May. 20 2026

Yorkville America withdrew several crypto ETF applications filed on behalf of Donald Trump-backed Truth Social after changing its product strategy.

The asset manager said it was moving away from investment products registered under the Securities Act of 1933, including the proposed Truth Social Bitcoin ETF, toward structures governed by the Investment Company Act of 1940.

Yorkville America said the shift would allow it to develop “differentiated, rules-based investment strategies” while benefiting from stronger investor protections and tax efficiencies under the ’40 Act framework.

The withdrawn filings included the Truth Social Bitcoin ETF, Truth Social Bitcoin & Ethereum ETF and Truth Social Crypto Blue Chip ETF, though the company did not indicate whether it planned to pursue replacement crypto ETF products under the new structure.

Yorkville America serves as financier and asset manager for Trump Media & Technology Group, the parent company behind Truth Social and the broader Truth.fi financial platform initiative launched last year.

The withdrawals also come amid continued scrutiny over Donald Trump and his family’s growing involvement in crypto ventures, particularly ties to World Liberty Financial, which has faced questions from Democratic lawmakers since Trump’s return to office in January 2025.

Crypto ETF demand has also weakened significantly in 2026, with US spot bitcoin ETFs recording roughly $790 million in net inflows compared with $25 billion in 2025, while spot ether ETFs have posted $640 million in net outflows.

James Seyffart said Yorkville America’s decision may also reflect intensifying competition in the bitcoin ETF market, particularly after the launch of the low-fee Morgan Stanley Bitcoin Trust ETF with a 0.14% management fee.

At the time of reporting, Bitcoin price was $77,098.13.